A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates) and to face higher relative prices of investment goods. It has been suggested that this happens either because these countries have lower TFP in the investment - good producing...

This paper uses annual aggregate data for 36 low or middle income countries covering the period 1995-2001 to investigate the effect of FDI on private investment. It also explores if the relationship between FDI and private investment is influenced by the nature of the political regime, using...

Has financial liberalization improved the efficiency with which investment funds are allocated to competing uses? In this paper, we address this question using firm level panel data from twelve developing countries. We develop a summary index of the efficiency of investment allocation that...

This fifth edition of Trends in Private Investment in Developing Countries provides private and public investment data from 1970 through 1992. The Discussion Paper also includes aggregate data on net foreign direct investment and a brief discussion of the effects of recent privatization...

This fifth edition of Trends in Private Investment in Developing Countries provides private and public investment data from 1970 through 1992. The Discussion Paper also includes aggregate data on net foreign direct investment and a brief discussion of the effects of recent privatization...

Private investment in developing countries continued its upward trend in 1996, the most recent year for which data exist, on an unweighted average basis. Public investment rates continued a decline that began in the early 1980s. The largest increases in private investment between 1995 and 1996...

Over the past two decades, the growth rate of outward foreign direct investment (FDI) from developing and transition economies has increased significantly. Given the role of physical capital accumulation in determining the economic growth rate, it is important to assess how domestic investment...

We present cross-country empirical evidence on the role of natural resources in explaining long-run differences in private investment as a share of GDP in a sample of 78 developing countries. Our empirical results suggest important differences between fossil fuels and non-fuel resources. While...

The AEL (aid effectiveness literature) studies the macroeconomic effect of development aid using cross-country or panel data econometrics. It contains about 100 papers of which 43 study whether development aid increases accumulation in the recipient country. Taking all 43 aid-accumulation...

Global concern on financial involvement of country citizens has been increasing over the years. An improved financial sector transforms to economic growth and greater achievement of equality among citizens. On average financial literacy levels of men are far greater than that of women. The study...